Welcome to episode 43 of the CU 2.0 Podcast. Today is all about what credit unions need to do to survive and what leagues need to do.
Cannabis banking. Data breaches. Taxation of credit unions. The disappearance of small credit unions. The rise of $10 billion+ credit union behemoths. Welcome to the world of Caroline Willard, CEO of the Cornerstone League and, before that, she spent a decade at Co-Op in senior marketing slots.
What do credit unions need to do to survive? What do leagues need to do? Willard offers candid and also optimistic thoughts about these life and death questions.
She also offers insights into what leagues can do to help small credit unions survive in an age of ever more complex and expensive compliance requirements.
And she challenges credit unions to be a bit more like Rocket Mortgage – and if you want to continue to write home loans you will pay heed.
Pay heed too to her thoughts on how taxation of credit unions just might be an existential threat to the industry.
Related podcasts in this series include the two-pack on cannabis banking, Teresa Freeborn on CUNA’s $100 million credit union awareness campaign, and Joe Bergeron of the Vermont League and Pat Conway of the Pennsylvania – NJ league.